NULS’ Cross-Chain Solution, Modular Infrastructure and DEX Services Spark a Blockchain Revival
SAN FRANCISCO JUNE 25, 2020 – NULS, a modular microservices-based blockchain for enterprise, has seen a surge in interest, driving its token price ($NULS) up more than 400% and its 24-hour average trading volume up more than 1,000% since March. The revived interest in NULS comes ahead of major project developments, including Bitcoin staking through Nerve Network ($NVT), a decentralized digital asset service network and a blockchain cross-chain interaction protocol, and completion of its decentralized exchange NerveDEX (NDEX). Additionally, NULS secured its first North American listing through BitMart.
On June 18, NULS was the first project listed on BitMart Shooting Star, an incentivized digital assets trading section designed exclusively for select blockchain projects. The platform, which simplifies the listing procedure for high-quality blockchain projects, listed 100,000 NULS tokens at a 20% discount. All allocated tokens were sold out within three minutes.
Nerve Network opened its global testnet on June 15, with plans to launch its mainnet as early as July. The cross-chain interaction protocol aims to break the isolated blockchain value and establish a cross-chain asset exchange network. Nerve Network will create an ingestion system for NULS where users can dock digital assets such as BTC, ERC-20 and other popular tokens in specialized nodes called virtual banks. These nodes will treat all digital assets, including BTC and ETH, as staked tokens and will generate consensus rewards in $NVT for those transferred to the Nerve blockchain.
NDEX, the NULS/Nerve Network decentralized exchange, is currently live as a Beta product and under testing. In the future, NDEX plans to streamline the token listing process for users, allowing anyone to create trading pairs and list new assets after burning a certain number of $NVT. Upon completion, NDEX will offer NULS native projects an opportunity to secure a quick listing following a successful SCO. This will make NULS the first complete concept-to-offering solution natively on a blockchain platform.
“In July of last year, we completely overhauled the NULS network, adding a modular microservices infrastructure,” said Mario Blacutt (Berzeck), NULS core developer and Nerve Network founder.
“We’re not the same blockchain we were at genesis, and with the addition of Nerve Network and NDEX, we’re skyrocketing past the nearest competition in terms of adaptability, cross-chain integrations and permissionless solutions. Nerve Network will offer tremendous value to the NULS network and we will finally realize the vision of a one network, many chains future.”
NULS recently ranked just below $BTC and $ETH under hot searches on mytokencap.com, which is not surprising considering its current waterfall of both retail and institutional investors. This month, NULS announced eight new institutional investors (below) and was listed on its first North American exchange, BitMart.
- Quest Capital
- Consensus Lab
- CRC Capital
- BN Capital
- Chain Capital
- Waterdrip Capital
- IBG
- BitMart Labs
Similarly, Nerve Network received an unspecified investment from Exponential Capital, XStarPool, and TB Capital, and announced $NVT/$USDT futures trading on the TokenBetter Exchange and BigONE Futures Market. NULS plans to airdrop $NVT to its token holders in July at a ratio of 10:1. Several exchanges including CoinTiger, one of the world’s top digital asset exchange platforms, have already announced support for the airdrop and token listing.
Furthermore, Cryptocurrency Checkout now supports NULS. Vendors can use Cryptocurrency Checkout to accept NULS on websites and ecommerce shops powered by Shopify, Bigcommerce, WordPress. Additionally they can imbed donation wallets on Twitch, Youtube, Twitter & more.
“The interest in NULS over the past few months has assured us in our decision to revamp the network,” said Reaper Ran, NULS co-founder.
“The NULS 2.0 infrastructure has helped us become incredibly adaptive, and more developers and investors are discovering the true value of our network. Nerve Network propels us into an even greater vantage point where we can realize cross-chain interoperability previously thought impossible.”
NULS completed its 2.0 infrastructure in September 2019 with a full overhaul of services. The new architecture helped NULS create unique products and services like:
- ChainBox
- Chain Factory
- POCM
- NULS native stablecoin, USDI
